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20121112
20121120
Search Results 0 to 7 of about 8 (some duplicates have been removed)
damage was being done to the environment than in fact was really occurring. acknowledging those lies, b.p. has agreed to plead guilty to felony obstruction of congress. make no mistake. while the company is guilty, individuals committed these crimes. and we have also unsealed today a 23 count indictment charging b.p.'s two highest ranking supervisors aboard the deep water horizon with manslaughter and violation of the clean water act. the indictment charges the two b.p. well site leaders with negligent and gross negligence on 2010. the red flags indicating that the well was not secure both men failed to take appropriate action to prevent the blow out. a separate indictment was also unsealed today charging a former senior b.p. expect sive with obstruction of a investigation and making false statements to law enforcement officials. the indictment alleges that he on behalf of b.p. intentionally under estimated the amount of oil flowing from the well. he allegedly cherry picked pages from documents, with held other documents al together and lied to congress and others to make this spill app
of $15 a barrel oil by 2025. in terms of prices, we're talking about in the environment similar to today's, maybe slightly worse, in order to hit those and provide incentive to hit those will targets and also to dampen demand. that is part of the iaea calculus. you have both the production and demand side. an order for us to even in part a modest amount and get to that point requires a major steps forward in fuel efficiency. host: so who is benefiting the most? guest: the middle east continues to benefit tremendously. opec countries share a global connection forecast to go up -- production forecast to go up to nearly half of world oil supplies. the middle east remains a big beneficiary. the u.s. will be better off in those terms than it would be without this increase will bring production. we will be keeping more money at home. oil makes up about two-thirds of our trade deficit now. that number will decline. oil companies that do very well with higher prices will continue to do very well. host: back to the idea of shale gas. you mentioned some parts of the country where this is happening
this on the eve of an election. again, i'm obviously not positing some huge conspiracy. in our environment, in our hyperpartisan environment, most people in a situation like this seeing any possibility for political advantage would have raced to expose something like this, right? general petraeus was confronted about this two weeks ago, right? two weeks before the election. chose -- ultimately decided to resign but didn't decide to resign at that moment. was there part of the reason he did not decide to resign immediately upon being confronted on this, he knew it would be embarrassing for the administration on the eve of an election? that's a reasonable inference. there's so much we don't know because so many people individually have not spoken publicly about the chain of events and their motivations in terms of keeping quiet at a moment of maximum political volatility. >> just to clarify because i've raised a lot of questions here, my biggest concern isn't what happened at the end. i understand there are a lot of conservatives that are going to be thinking that this was -- >> cover-up. >> benghaz
cannon. the cost of the debt service in that environment will be enormous. investors and retirees with social security and state debt will see their portfolios lose value. home buyers will see the cost of mortgages to rise and home owners will likely see the price of their homes fall. as few buyers qualify for these mortgages. the government could have its back to the wall at that point and we would be forced to embrace more drastic steps to ensure fiscal balance of the government does not take action now. why hasn't the government taken action? let's be candid -- putting aside the rhetoric -- rhetoric and the possible last two weeks, the behavior in washington in recent years confirms we have lost the ability to compromise. politicians who attempt to move to the center are set upon by their own side. one size faces continuing pressures never allowing a cent of spending cuts and there's a call countervailing opinion from the others as a reserve -- the other side that does not want a tax increase. each side of states the other side cannot win no matter what the consequences. the va
are talking about a consumer that's still struggling in this economic environment. unemployment has gotten better but it's still around 8%. we've got this fiscal cliff looming. yes, the holidays are around the corner so that's what many retailers are banking on. but beyond that it's been tough. we had super storm sandy hit. that put an impact on a lot of retailers from department stores to big box stores like target and walmart. really what they're saying is the consumer is still under some pressure. that paycheck cycle still an issue for the walmart consumer and they say that jobs, gas prices and rising food prices also an issue for that group of shoppers. >> is housing about to fall off the fiscal cliff? what homeowners and future home buyers need to know right now. >>> mean. time, let's head out to sue at the schwab investor summit. impact in chicago. what do you got, sue? >> we got a lot coming. up. incidentally, ty, they miss you out here. we're going to talk about how to prevent your portfolio from literally going over the fiscal cliff. michael cuggino will show us. a five-star rated
-- there might be a t.a.r.p. like environment where we do go over the cliff, the cliff, whatever that means, exactly, but we don't hit the first set of deadlines. something doesn't pass the first time, but then eventually some of the members of both sides are brought to heal by the prospect of -- >> the real -- not just the pending doom but doom actually present in their laps for a second. that seems like a possible scenario to me. i do think there still is, despite all sharp rhetoric, i still think on the republican side, which is so critical, this notion of the other thing you heard throughout all of the commentary for the last week and over the weekend is that the implications of the election still are -- is sinking in. republicans still -- you see with this continued criticism of romney's comments and so on. that's still setting? >> all right. you mentioned benghazi. let's go to the developments there in the on going controversy over the administration's response to the attack on the u.s. consulate in bengha benghazi. members of congress are now vowing to find out why the cia's conclusi
environment to solve problems in the regional airline industry that have been the result of a dozen years of crashes taking needless lives includie ing continental 3407 that took countless lives. whether we have one level of safety in the industry or not and we don't in some important ways means they will don't hire pilots who aren't fully experienced to be airline pilots and when they go into the seat as a regional pilot they are getting on the job training with you as the passenger in the back. until they have several thousand hours they haven't seen that many cycles the year, thunderstorms in the summer, and snow storms in the winter. if the first officer and i hadn't been as experienced if we had much less time we could not have had the same outcome and people would have died. >> captain you sound like you're fired up about this. this "wall street journal" piece quotes a number of airline industry officials who say there's going to be a crisis, we won't have enough pilot, we won't be able to fly planes and you sound like that this then will create a crisis out of something for their o
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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